"Are you denying that Bernanke gave sworn evidence to congress...

"Are you denying that Bernanke gave sworn evidence to congress that the Fed and U.S Govt lease out gold in order to protect the USD? Just answer that simple question will you?"

Goldbugs have a swelled head due to having too much gold circulating in their system which in large quantities is toxic causing wide spread inflammation of the brain.

They say that an owner of gold is protected (or hedged) against a falling dollar because, as inflation rises and erodes the value of the dollar, the cost of every thing goes up except in terms of gold. From here and what is stated at the opening of this post it follows that the way for the Fed to fight inflation would be to lease gold,

The POG is manipulated by paper gold, they say. Therefore why would the Fed need to lease its gold to shorters and why would these same shorters take the risk of loosing money by shorting gold in a uptrend? If a central bank in order to protect its own currency can sell foreign currencies in reserve, what would forbid it from selling its own gold?

By the way, is gold included in the US Dollar Index, the leading benchmark for the international value of the US dollar and the world's most widely-recognized, publicly-traded currency index ?


https://www.*****.com/commentaries/2016-05-06/Gold-Leasing-Explained.html